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Australia and the Asia Pacific Region.
“AVL’s manufacturing grant from the Australian government enables us to accelerate the construction of Australia’s first vanadium electrolyte plant, to provide the key supply element to this emerging industry,” Algar said.
“The Australian Vanadium Project is at the forefront of this emerging market and driving its growth.”
AVL has also signed a Memorandum of Understanding with V-Flow for vanadium pentoxide offtake, vanadium electrolyte supply, VRFB sales, installation, service and maintenance.
VSUN aims to collaborate with V-Flow to develop the capability to undertake the majority of the manufacture of VRFB systems in Australia, with key elements such as the cell stacks being brought in from Singapore.
V-Flow , a spin-off from Nanyang Technology University in Singapore, has developed three products, including 20-50 kWh batteries for residential settings; 100-250 kWh units for commercial and industrial applications and micro-grids for remote communities; and larger utility-scale deployments.
https://www.pv-magazine-australia.com/2021/09/03/vsun-reveals-rollout-of-redox-flow-battery-technology/
Western Australian (WA) company VSUN Energy has revealed plans to install three vanadium redox flow batteries (VRFBs) supplied by Singaporean manufacturer V-Flow Tech as it looks to further develop the market for the battery storage technology in Australia.
VSUN, a subsidiary of Perth-based mining company Australian Vanadium Limited (AVL), has confirmed the first three VRFBs supplied to it by Singaporean partner V-Flow Tech will arrive in Fremantle later this month. VSUN said the vanadium electrolyte required for the 5 kW/30 kWh VRFBs has been sourced and will be installed when the batteries arrive in Australia.
The company said the three batteries have already allocated with one to be coupled with a 26 kW solar system at a caravan park in WA’s wheatbelt region while another will be deployed in an off-grid residential setting where it will be paired with 12 kW of solar and 18 KVa of diesel back-up.
The third 5 kW/30 kWh VRFB, which will have a maximum discharge of 7 kW, will be used in a test project being developed by one of the state’s energy utilities.
VSUN said the test site will enable the company, external engineers and potential clients to observe a local working example of a VRFB, rather than examining installations and data from other countries.
AVL managing director Vincent Algar said this will provide further proof of concept and the learnings required to support decisions on energy storage technology options.
“VSUN Energy and AVL have developed a strong relationship with V-Flow Tech and we are excited to be receiving V-Flow’s first batteries in Australia,” he said.
“The three installations will further increase our experience and provide valuable local operating examples of this Australian-invented storage technology.”
Lithium-ion batteries currently dominate the residential market but VRFBs are gaining traction with advocates declaring they are safer, more scalable, longer-lasting and more reliable.
VSUN, whose core objective is the growth of the market for VRFBs in Australia, said vanadium flow batteries don’t degrade with cycling like lithium-ion options and are able to move electricity without generating heat. V-Flow has said its technology can operate between -10°C to +55°C without active cooling. The batteries have a lifespan of 25 years, with a stable performance guarantee.
The rollout of the batteries is the latest step for AVL which was recently awarded a $3.69 million federal government manufacturing grant which will allow it to design, build and operate a $7.4 million commercial vanadium battery electrolyte plant in WA and develop VRFB prototypes for both off-grid and residential settings.
AVL plans to produce high-purity vanadium pentoxide (V2O5) from its mining operation south of Meekatharra and processing plant located east of Geraldton to supply VRFB projects in Australia and the As
https://www.marketwatch.com/story/major-miners-are-missing-energy-transition-boat-industry-veteran-warns-11630497325
As much of the world aims to move toward a greener economy, some companies are trying to position themselves to deliver the resources needed for such energy transition.
Among those is TechMet, a U.S. government-backed company that invests in resources such as cobalt, lithium, nickel, tin, tungsten, vanadium and rare-earth metals.
TechMet’s Founder and CEO is Brian Menell, a South African executive with more than 25 years of experience in the mining industry. In an interview with Dow Jones Newswires, Mr. Menell warned that the world is on the verge of a massive metals supply-demand imbalance and that the major mining houses aren’t doing their part to make sure soaring consumption is met.
The world will need to multiply production of resources such as cobalt, lithium and nickel, but major miners are missing the boat, Mr. Menell says.
“We’re not looking to have a problem in five to 10 years. We are looking to have a big problem in two or three years,” he said.
Here are some edited excerpts from the conversation:...
http://mchuneng.bjx.com.cn/mnews/20210831/1173646.shtml
On the morning of the 29th, the groundbreaking ceremony for the base project of SPIC Hubei Lvdong Zhongvana New Energy Co., Ltd. and the 100MW/500MWh all-vanadium redox flow battery energy storage project was held in Xiangyang High-tech Zone.
It is understood that the company plans to invest 9.32 billion yuan in the high-tech zone. Among them, 4.32 billion yuan was invested to build a 100MW all-vanadium redox flow battery energy storage power station and a 500MW distributed rooftop photovoltaic installation project, and 5 billion yuan was invested to build a 1GW wind power photovoltaic power generation project. The 100MW all-vanadium redox flow battery energy storage power station project with an investment of 1.9 billion yuan, with a construction area of ??about 120 mu, is expected to achieve a total output value of 2.095 billion yuan and tax revenue of 52 million yuan after it is fully operational within five years.
Up to now, the 100MW all-vanadium redox flow battery energy storage power station and the 500MW distributed rooftop photovoltaic installation project have signed an agreement to enter the park with the high-tech zone, and the preliminary work such as project filing, exploration and feasibility study has been completed.
https://uk.finance.yahoo.com/news/amg-advanced-metallurgical-group-n-050000442.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEbKYo9j2NIwOPQoIuNNCf9YbLQ4XylS5pjFIpzyQiwERHYFyX_7g54vM_qCEjlQL6-RlSVFUvY-kCpmskyrp6hb6Y1p-tjQ46fdWOmwZlySY3eJufd6o7xAAP-E3KYc-c73GI2sjBLUkSZEHpJdgTy9basfpFRP-HkDRxkOzZ6E
AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce the construction of its first lithium vanadium battery for industrial power management applications. As part of its presence in the “circular economy” AMG is the world’s leading recycler of vanadium products from industrial residues and waste. This expertise includes high purity vanadium-based electrolytes, the central component of vanadium redox flow batteries.
In energy intensive industrial manufacturing applications, companies frequently seek to flatten production-driven spikes of electricity demand to reduce costs and avoid penalties charged by electricity suppliers. The traditional solution has been to install a captive “stand by” power unit running on diesel fuel. This solution is a tradeoff of lower electricity costs for higher CO2 emissions.
AMG has developed an alternative concept in the form of a large scale “hybrid” lithium vanadium redox flow battery (“LIVA”) which avoids CO2 emissions. The lithium part of the new battery design enables fast discharging including black start abilities. The lithium battery is then recharged by the low-cost vanadium battery which in turn is charged by the grid.
To manage the LIVA battery an advanced software solution is essential. AMG is pleased to announce the acquisition of Phyr7 GmbH, Heidelberg, a specialist for artificial intelligence (AI) based power management solutions. The Phyr 7 software ecosystem simulates and operates various energy storage assets like lithium-ion and Vanadium Redox Flow batteries as well as Gas-To-Power facilities with artificial intelligence routines and self-learning algorithms. Besides maximizing the efficiency, safety and lifetime of the batteries, the software enables the economic integration of sector coupling strategies with renewable energies and green hydrogen.
The first LIVA system will be installed in one of AMG’s German manufacturing plants and is scheduled to go online in the first quarter of 2022. Engineering has started for three more systems, two in Germany and one in the US.
Phyr7 will be renamed LIVA Power Management Systems GmbH, Frankfurt, and will manage AMG’s entrance into this very large market opportunity. LIVA Power Management Systems will be established with an initial capitalization of EUR 5 million. AMG Engineering is building the integrated system, AMG Titanium & Coatings will supply the vanadium electrolyte, and AMG Lithium is designing the lithium portion of the battery.
The industry's improvements are mainly attributable to battery technology breakthroughs, said Yu Zhenhua, head of the China Energy Storage Alliance, adding that lithium batteries led the increase in newly added installed capacity, while non-lithium technologies such as flow batteries are also accelerating their pace of evolution.
Noting that all technologies have their own advantages and suitable application scenarios at the moment, He said no single technology could dominate the market now and the competition of diverse technologies will continue.
To promote the industrialization of energy storage technologies, Hua Yin Technology and XJTU in April this year inked a strategic cooperation agreement to establish a flow cell innovation center.
"This is a great development opportunity for us," Fu said, adding that the firm will partner further with the university in tech research and tap into the potential of the power storage industry. Enditem
http://t.m.china.org.cn/convert/c_wUd1WTn7.html
XI'AN, Aug. 17 (Xinhua) -- China has released a slew of policies to turbocharge the energy storage industry, which insiders believe will bring huge opportunities to enterprises in the country.
Power generation firms are encouraged to build energy storage facilities and improve their capability to shift peak loads, according to a notice co-released by the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA).
Hua Yin Technology, one of the pioneering companies in China's flow battery industry, detected an opportunity soon after the policy was unveiled.
"In recent years, the power storing business has become the main engine driving the company's revenue growth," said Fu Hongtao, vice president of the firm based in northwest China's Shaanxi Province.
Dedicated to the vanadium industrial chain, Hua Yin Technology entered the vanadium flow battery market in 2016, and the company's electrolyte production line now has an output value of 1.6 billion yuan (about 247 million U.S. dollars).
Fu said the industry is set to make further progress as an increasing proportion of clean power sources are used across China.
Data shows that China has seen leapfrog growth in its new energy generation capacity, as the newly added installed volume hit 119.87 million kilowatts in 2020, accounting for 63 percent of the nationwide total.
But the steady growth of installed capacity has put a strain on the country's power system due to insufficient regulation capabilities.
"Renewable energy sources including solar and wind are intermittent and volatile," said He Gang, a professor at the Xi'an Jiaotong University (XJTU), noting that the grid will see mounting pressure as electricity is used in a continuous manner.
To realize the transition to a new type of power system with new energy as the main body, He underscored that new types of power storage will play an increasingly important role.
New types of energy storage technologies are, with the exception of pumped storage, those that have power as their main output form. In late July, the NDRC and the NEA released a plan for the blueprint of the industry.
According to the plan, the country's total installed capacity for new types of power storing is expected to surpass 30 million kilowatts in 2025, about 10 times its present level.
It is the first time that China has set a national installed capacity goal in the sector," said NEA official Liu Yafang, adding that the policy is not just about scale but puts forward other requirements including technology and industry standards to realize high-quality development.
Listed companies maintained their growth momentum in the first half of 2021. Power solution provider Kehua Data Co., Ltd. predicts its net profit attributable to shareholders will rise 65 percent to 100 percent year on year.
Battery energy storage has had a magnificent time over the past five years – the number and size of battery installations has increased, both in front-of-the-meter and in behind-the-meter applications. Our discussions at the IFBF showed that now is a good time to think a little more about the strategy for storage – to consider the supply of raw materials, manufacturing costs and embedded carbon and energy, recyclability and re-use, as well as safety and operational performance.
To reach net zero, we will be switching as much as we can from fossil fuels to renewables and the electricity vector. That’s going to need more storage – for both stationary and mobile applications. The car industry will probably need to spend billions of dollars on conventional battery gigafactories to power its new EV’s but the energy industry can save billions by investing in flow battery manufacturing to meet at least part of the requirement for stationary storage.
It’s going to need persuasive talk with the finance sector to gain investment in manufacturing, and a fresh approach by customers and end users of storage when they select the battery and energy storage technologies of the future.
The change is already happening – Patricia Scroggin-Wicker, a project manager with Burns McDonnell, an engineering company in the USA, pointed out that clients are now asking about longer duration storage, demanding higher performance and lower costs, making the clear case for energy storage systems with a low incremental cost of additional energy storage capacity.
Manufacturer VRB Energy is starting construction of a large scale 100MW / 500MWh vanadium flow battery project in Xiangyang, Hubei Province, China, this summer. That’s five times larger than the Minety battery — which is currently the biggest grid-connected battery system in Europe, by the way. The switch to flow is happening. Who’s next?
The European Commission is listening: Johan Blondelle of the Commission’s Directorate-General (DG) for Research and Innovation said, “Flow batteries form a sweet spot between lithium-ion and hydrogen to provide large-scale and affordable storage.” Although lithium-ion is attractive, not least for its use in EVs, other storage solutions are needed. Gonzalo Fernandez-Costa, a policy officer with the commission’s Directorate General for Energy, confirmed that the European Commission is open minded in its approach to storage technologies and will be consulting on its policy during this coming autumn.
The State of California is taking action. The energy needs for California have been well documented over many years – their duck curve was a very familiar example of why energy storage was a necessity in the state. Other states in the USA and other countries are watching developments with interest. Mike Gravely, Research Programme Manager at the California Energy Commission, gave his perspective on the programme to kick start a massive investment in energy storage to manage the generation supply curve.
Flow battery technology can deliver products with good performance and capability, but the industry needs to tell this to its potential customers. One flow battery user, Max Urban of NOe Netz (an Austrian power company), reported on 10 years’ operation of their vanadium flow battery and the news that over its lifetime it had only suffered a 1% drop in energy storage capacity.
It’s easy for technology developers and manufacturers to make claims and counter claims about their own products and those of competing systems. Safety, reliability, low degradation and recyclability are recurring themes when positioning new products in the market. But this year there was a real sense that the flow battery industry has reached a point of maturity – companies such as Invinity, Cellcube, Redflow, Visblue, Elestor and Volterion have all made great progress in bringing products to market and securing sales.
Invinity have installed a flow battery to work in hybrid mode with a conventional battery system at the Oxford Super Hub, and Invinity are also supplying their flow battery to support a tidal energy project in the Orkney Isles. The other flow battery companies are also proud members of the “100 flow battery club” – 100 new installations in operation around the world. There is space to grow the market and new technologies are stepping forward and taking a leading role. For example, Kemiwatt, one of the organic flow battery manufacturers, has completed its first deployment and demonstration of their flow battery system – with tests passed with flying colours.
https://www.energy-storage.news/big-energy-storage-is-big-news-views-from-the-international-flow-battery-forum-2021/
Anthony Price OBE, Managing Director at UK-based specialist energy storage consultancy group Swanbarton, has dedicated over twenty-five years to developing, commercialising and promoting energy storage technologies to help deliver clean, secure and affordable energy in the UK and beyond. He’s also one of the organisers of the annual International Flow Battery Forum and here discusses what was talked about at this year’s event — and how that fits in with the scaling up of energy storage we see around the world.
Big energy storage is in the news: about a dozen miles from our offices, near to the small village of Minety in the UK, renewable energy and storage company Penso Power has just brought its 100MW / 100MWh battery project online. Meanwhile, in Coventry, about 70 miles north, plans are being made for a factory to produce 60GWh of lithium-ion batteries each year to serve the growing demands for electric vehicles.
Worldwide, 230 GW of wind and solar power generation was added in 2020. Almost daily there are news items either about battery production and battery use, or about the need for energy storage to support the introduction of renewable energy or to help decarbonise our power supplies.
But it’s not only big energy storage that will create headlines. Going forwards, the case for longer duration storage is also a high priority.
We learnt and discussed some important things about flow batteries and energy storage at this year’s edition of the International Flow Battery Forum symposium:
There is no universal solution to the challenge of energy storage. Of course, we all know that, but it’s a useful reminder that there are many alternative solutions. As with so many different applications and requirements one size, shape or flavour does not fit all.
Big storage and long-duration storage are the requirements of the future. As we write this, BEIS (the UK government’s Department for Business, Energy and Industrial Strategy) is awaiting responses to its call for projects in the Long Duration Energy Storage competition. Georgina Morris, Programme Manager of the Department’s Smart Energy Team, told us about their 10 point plan and the importance of long-duration storage to support the route to reach net zero. With increased lobbying from many quarters, BEIS is promoting the strategic importance of having a diversified approach to energy storage.
The licence will continue for a period of five years and AVL will purchase vanadium pentoxide to manufacture the vanadium electrolyte using a pricing formula based on the Metal Bulletin Monthly Midpoint Average with a floor and ceiling included.
US Vanadium chief executive officer Mark Smith said: “Partnering with AVL in order to serve the Australian market makes a lot of sense for US Vanadium and we look forward to working with AVL toward these goals
https://www.proactiveinvestors.com.au/companies/news/957378/australian-vanadium-signs-mou-with-us-company-for-supply-of-high-purity-vanadium-oxides-for-production-in-australia-957378.html
The MOU includes the licence for low-cost USV technology to convert vanadium oxides to vanadium electrolyte for use in vanadium redox flow batteries (VRFBs).
Australian Vanadium Ltd (ASX:AVL) has signed a Memorandum of Understanding (MOU) with specialty chemical producer US Vanadium LLC (USV) for the supply of high-purity vanadium oxides and a licence for vanadium electrolyte production.
This agreement will allow AVL to begin local vanadium electrolyte production to support growing interest in the emerging Australian VRFB market.
The company has also recently been awarded a $3.69 million grant through the Australian Government’s Modern Manufacturing Initiative (MMI) to develop a high purity vanadium production circuit, build and operate a 33MWh capacity vanadium electrolyte plant and produce locally assembled prototype VRFB systems for domestic and standalone remote power systems.
This MOU complements the one already signed with USV regarding future offtake of vanadium from the Australian Vanadium Project, for use in the US critical metals market. Both MOUs will lead to a binding mutual vanadium supply and technology licence agreement between the two companies.
Strong position to secure financing
AVL managing director Vincent Algar said: “Having a strong relationship with a company of USV’s calibre in the vanadium market enables AVL to secure a supply of the highest quality vanadium oxides, prior to bringing the Australian Vanadium Project into production.
“This will allow us to move quickly to build a vanadium electrolyte plant here in Australia to supply the growing VRFB market and the plant will be partially funded by the recently announced award of the MMI grant by the Federal Government.
This vertical integration strategy puts AVL in a strong position to secure financing for the project and provides Australian employment opportunities in the downstream battery supply chain.”
USV will grant AVL the exclusive use of its vanadium electrolyte technology in Australia and New Zealand, which will allow AVL to use either USV or its own vanadium products when available.
The USV technology and expertise has a track record for being a low-cost method of production of balanced electrolyte, suitable for a wide range of VRFB manufacturers’ specifications and USV will provide technical support for the first two years at no cost to AVL, followed by technical support being available from USV at cost.
Partnership “makes a lot of sense”
The agreement terminates if AVL has not built a vanadium electrolyte plant within 24 months.
https://stockhead.com.au/resources/high-voltage-which-battery-metal-moons-next/
VANADIUM
Vanadium demand is making a comeback as steel consumption soars, in China and overseas.
92% of vanadium consumption is used to strengthen steel. Of the remainder, most is used in aerospace alloys and chemical catalysts, and 1% goes into vanadium redox flow batteries (VRFBs).
Roskill’s base case is that by 2030, 10% of vanadium demand is going to come from batteries.
The market is going to shift into deficit in 2021, Roskill’s steel alloys principal consultant Erik Sardain says.
“Moving forward in the next couple of years, supply is likely to remain tight in 2022 and 2023 until new projects come online from 2024,” he says.
https://www.google.com/amp/s/www.dailysabah.com/world/africa/south-african-power-plant-explodes-only-a-week-after-launch/amp
An explosion has temporarily put South Africa's largest coal-fired power plant out of operation, just a week after it came online.
The state-owned power utility Eskom announced that an explosion occurred at the Medupi Power Station late on Sunday evening for reasons that are still unknown. Although there were reportedly no injuries, a total of seven employees had to be treated for shock.
The power plant came online just one week ago, some 14 years after construction began, the delay due to multiple cost and deadline overruns. Medupi, which can generate up to 4,764 megawatts of electricity, is one of the world's largest coal-fired power plants and cost 122 billion rand ($8.3 billion). The plant is expected to be in service for 50 years.
Despite global efforts to reduce carbon dioxide emissions and invest in renewable energy sources, coal-rich South Africa continues to rely on the fossil fuel, which supplies 75% of the country's energy supply.
https://m.timesofindia.com/india/covid-19-india-to-partner-china-russia-brazil-for-genomic-sequencing/amp_articleshow/85117306.cms
NEW DELHI: Indian Scientists, in partnership with experts from China, Russia and Brazil, will carry out genomic sequencing of SARS-CoV-2 and work on the epidemiology and mathematical modelling of the Covid-19 pandemic.
"This will help trace genetic mutations, re-combinations as well as distribution of the virus and also make predictions about the future of its spread," the ministry of science and technology said in a statement on Friday, while announcing the collaborative approach among the countries under the BRICS-Multilateral Research and Development Project.
The study will provide a common platform to share and analyse the data of four different countries and understand the spread routes and transmission dynamics of viruses," it said
A whole-genome sequencing is required for identification of genetic mutations and recombinations of the coronavirus, while epidemiological studies can help assess its distribution. On the other hand, mathematical modelling is required to assess the future spread of Covid-19.
Under the joint research, the Indian and Brazilian sides will assess distribution of SARS-CoV-2 in environmental samples through metagenome analysis for wastewater-based epidemiology (WBE) surveillance. Chinese and Russian scientists will carry out the real-time PCR detection of SARS-CoV-2 in biological material (nasopharyngeal swabs) from patients with symptoms of respiratory diseases and investigate the genomic variability, comparative genomics and phylogenetic analysis.
The genomic, metagenomic and epidemiological data from India, China, Russia and Brazil will be integrated to develop mathematical models for mutations analysis, population genetics, phylogenetic relationship, recombination analysis and risk evaluation to reveal spread network and dynamics of the virus," said the ministry.
The move will help trace spread routes and dynamics of the virus. The database developed by the different groups will also compare the distribution and survival of the virus in the different regions and establish the surveillance of the relevant early warning system.
The collaborative research plan has been developed considering the strengths of international collaborators from the Institute of Microbiology, Chinese Academy of Sciences of China, Federal Research Centre of Fundamental and Translational Medicine of Russia and Respiratory Virus and Measles Laboratory, Oswaldo Cruz Institute of Brazil
https://www.lereporter.ma/loadim-salue-lexperience-marocaine-en-matiere-de-technologies-des-batteries-au-vanadium/
The Director General of the Arab Organization for Industrial Development, Standardization and Mines (OADIM), Adel Saker, praised the Moroccan experience in exploiting technologies relating to vanadium batteries, as an innovative storage system for energy from green sources.
The pilot project of vanadium flux batteries, on the R&D platform of the Noor plant in Ouarzazate, is a pioneering experience, welcomed Mr. Saker, praising the strategic vision that Morocco has adopted in terms of the development of the he industry, renewable energies and large-scale investments that Morocco is mobilizing for the industrial sector and which have made it a “salient model” on the African level, said Thursday a press release from OADIM, based in Rabat.
The said project goes hand in hand with the Moroccan vision for green energies which aims to increase the share of these in the national energy mix to 52% by 2030, underlined Mr. Saker.
He also recalled the study entitled “Strategic mines in Arab countries” published by OADIM and intended for decision-makers, specialists and operators of the mining sector in the Arab world. Which, explained Mr. Saker, aims to publicize and promote investment opportunities related to this type of mining.
Arab soil is full of geological blocks and therefore, of course, mineral resources, he added, calling for intensification of exploration and prospecting operations in order to support the momentum of global production of strategic mines that constitute now one of the major strategic challenges of the 3rd millennium.
He particularly focused on vanadium, abundant in some of these blocks, urging Arab countries to intensify mining research to have raw and good quality reserves with a view to positioning the Arab world well on the mapping of global production.
The CEO of OADIM noted that alternative energy technologies are already moving towards flow batteries which are distinguished, unlike lithium batteries for example, by safer storage, in large quantities and, above all, long lasting.
https://www.miningweekly.com/article/evraz-to-build-new-228m-vanadium-plant-2021-08-05
Vertically integrated steel and mining company Evraz on Thursday announced that it would invest $228-million in the construction of a new vanadium **** processing plant in Russia.
The plant, to be located at the Uzlovaya special economic zone in the Tula region, would be launched in 2025, the company stated.
"The development of vanadium production in the Tula region will create new jobs, decrease processing costs and strengthen the existing constructive dialogue between Evraz and the region's government,” said CEO Alexander Frolov.
The plant would be built using the best technologies available to reduce its environmental impact. For example, the plan is that production wastewater, storm water and sewage would be treated and reused in the unit's closed-loop water system.
Evraz, which on Thursday also reported first half results, stated that global vanadium demand rose by 16% year-on-year in the first half of 2021, on the back of a strong recovery of steel output. Demand in China alone increased by 20%, driven by higher rebar production and growing demand for vanadium-based energy storage.
The group’s consolidated revenue climbed by 24% year-on-year to $6.18-billion, driven by higher sales prices for construction and semi-finished products, as well as greater prices and volumes for vanadium products.
https://www.dailymail.co.uk/news/article-9775467/UKs-battery-farms-spark-fears-explosions.html
UK's giant battery 'farms' spark fears of explosions that can reach temperatures of 660C - even worse than the Beirut port blast - with one expert calling them 'potential bombs'
Facilities contain huge batteries storing electricity for the National Grid – a new form of crop for farmers scrambling to cash in on the 'green' energy revolution
New report from leading physicists says vast batteries amount to electrical bombs with force of many hundreds of tons of TNT
Wade Allison, emeritus professor of physics at Oxford University: 'It's like a potential bomb. When batteries catch fire, you can't just squirt water on them'
MoS has identified nearly 400 battery sites – from Newquay to the Scottish Highlands – which are either operational or in development